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20121201
20121231
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above expectations. 146,000 jobs added in the month of november. sandy did not have that much of an impact on the numbers. unemployment fell to the lowest level in nearly three years to 7.7%. more people stopped looking for work, all together. consumer sentiment, not as strong heading into the holidays. preliminary index actually fell in december. economists had to look for a slight increase. investors continue to get out of apple. the tech giant having its worst week since they of 2010. apple is in they are barking territory. shortly after the iphone5 came out, part of it in the near profit. let's get to the floor show. bobby, i want to start with this jobs number today. the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung u
, it is one of the huge numbers that will not be directly impacted by hurricane sandy. lori: that is a great point you raised, then. what are your thoughts on the economic data? >> i cannot agree more. the i sm number is what scared this market. china, japan, the united kingdom were not enough to hold us in place. a positive story out of greece. they gave us a little bit of an early move to the upside. that was all washed away. on the employment data and the adp number we got the first shot at. the expectation for job growth is really one of the smallest numbers we expected to see all year. it should not be too difficult to hurdle to get over. lori: is it fair to say that concerns have been factored into the price market? >> the whole idea that the result has been priced in. the result has not come to pass by the 31st. the market could be in a very precarious position. lori: okay, alan, oil at a two week high. what is the driver there? >> what i am looking at right now is kind of a tug-of-war going on. the fiscal cliff could send crude oil off. we have tensions in the middle east. some bette
thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next year or so? 20 years, 50 years perhaps. number three. you say it's all the u
was superstorm sandy that hit the big shopping areas and 5 lot of the big -- a lot of the big population centers on the east coast, and people there in new york, new england did not shop, and that was sufficient enough to bring down the numbers nationwide. there was a built of a rebound prior to christmas, but not enough to put us back on track for what the national retail federation says is their prediction for the holiday shopping season. 4.1% growth over last year, $586 billion season, but others say, no, nrf is off, and, in fact, shopper trek on monday revised from 3.3% to 2.5% growth. expect to see big sales, especially when you consider, nrf says, i think, that retailers make anywhere from 20% to 40% of revenue in the holiday shopping season, could be bad news for a lot of people. ashley: could indeed. adam, thank you very much. >> yep. ashley: there's a holiday hangover today, no doubt about, that but they have to help customers know when a sale is a sale. scott, bbc capital markets retail analyst joining me in a fox business exclusive. scott, what do you mean? people are told when a sale
about the impact of super storm sandy? the northeast and mid-atlantic make up 24% national retail sales. how much did that factor in? >> it had a big drag effect on the holiday season. we clearly saw that when the retailers report their monthly sales have talked a lot about the sales rate below expectations for november. and it has overall negative impact anyway just from a sentiment standpoint. people feel lousy. the tragedy in newtown, connecticut, was just awful. that puts everybody in a negative spirit in some respects. ashley: what about the psyche of the consumer with regards to consumer confidence in the sambar hit a six-month low. the economy still struggling, unemployment still high. people walking around the stores but maybe not buying as much, is that a factor? >> you do see some of that. buthe consumer confidence and actual consumer spending, it actually breaks down, consumers may say one thing and do another. most people tend to be like that. we found spending levels have held up okay, and we still think people are spending in the stars. there will be presents under the tre
no other way to describe it. one gunman dead. inside the school, the sandy hook school. as soon as the president comes what we will be taking him live. for more on this, our sister network is covering right now. stating at the moment, we will have this. we will cover this in the last hour of trading. a business network, but we cannot ignore the fact that this is a very difficult state for everybody who feels sympathy for these tiny children who were murdered. eighteen of them. twenty-six other people. this is the worst mass murder we have ever seen. if you want full coverage of the story our sister network will have it. again, hearing from the president in about 14 minutes. we will take that live. not to the markets. of course, we know this is a difficult transition. please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some
. lauren: b.s. would've the impact of hurricane sandy, the expectations and looking at a record in terms of holiday she rents that is probably giving investors some hope and that is why the stock is up today. liz: they're getting out of gm, current investors, now look at it, the government's hand will be out of the company moving more like a publicly traded stock. >> into the next 15 months the government will likely be completely out of gm and that is why general motors hit an annual high today. david: we're looking at a very broad fall, it is not that deep of a fall, but all the sectors are involved. looking at technology, we spotted a couple of winners. western digital and
negative to positive at some point. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when you take out the fear we have of things going on in syria or iran you see us treating at $78 as opposed to where we are now but -- [talking over each other] liz: when you push it out a couple months to the future of the market and look at the trend -- >> it looks to me like we should be trading $3 or $4 or $6 or $8 lower from here and look for the trend to continue as we go further through the winter unless something happens in the middle east. liz: thank you very much. grinding higher by 14 points. have a good day. thanks for joining us on the floor show. 25 days and counting for cong
Search Results 0 to 7 of about 8

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